Most Popular Commercial Lines Headlines This Year
The most viewed headlines from our Commercial Lines Topic Page over the last year.
#1 Nationwide E&S Exits Commercial Auto Effective July 15
Jun 29 2023 // Nationwide E&S will stop writing wholesale-driven contract binding commercial auto new business, including primary brokerage auto effective July 15, according to an announcement released to Nationwide brokers this week...
#2 Nationwide to Take Actions to Limit Risk in Personal, Commercial Portfolios
Jun 13 2023 // Add Nationwide to a growing list of insurers making changes to deal with losses in some areas of the country. In a June 12 “business actions update” Nationwide announced moves “to mitigate risk and manage...
#3 Hard Commercial Property Market to Linger as Property Owners Take On More Risk
Apr 3 2023 // Today’s hard U.S. commercial property insurance market — one that is the longest and toughest seen during the careers of even the most seasoned industry veterans — is likely here to stay for a...
#4 Workers’ Compensation Undercuts Employer Liability Exclusion, U.S. Appeals Court Rules
Jul 11 2023 // Since workers’ compensation shields an employer from liability, an insurer may not be able to rely on an employer liability exclusion in a commercial general liability policy to avoid claims. That’s the...
#5 Commercial Property Premiums Up Over 20% to Start 2023: CIAB
May 18 2023 // Commercial property premiums increased more in the first quarter than they have in more than 20 years as the first three months of the year marked the 22nd straight quarter of overall premium increases, at 8.8%, according...
#6 Illinois Contractor Faces $303,000 in Fines for Deadly Workplace Exposures
Aug 29 2022 // A Roselle, Illinois contractor with a long history of federal workplace safety violations who currently owes more than $390,000 in penalties, added an additional $303,105 in proposed fines for once again exposing workers...
#7 Kellogg’s ‘Woke’ Workplace Diversity Programs Are Illegal, Group Claims
Aug 10 2023 // A conservative legal group on Wednesday urged a U.S. anti-discrimination agency to investigate Kellogg over workplace diversity policies that it says are unlawful, and accused the cereal maker of sexualizing its...
#8 United Insurance Holdings Moves Forward With Specialty Commercial Business: CEO
Mar 6 2023 // United Insurance Holdings Corp. Corp. said it will move on to focus on specialty commercial lines business following news last month that its subsidiary United P&C Insurance Company (UPC) being was placed in...
#9 AM Best: Trouble Around the Bend for Commercial Auto Insurers After Good 2021?
Oct 12 2022 // For the first time in many years the commercial auto insurance segment enjoyed a combined ratio below 100 in 2021, but increased claim frequency and severity in 2022 point to a U-turn in financial results. According to AM...
#10 Florida Commercial Insurer Capacity Insurance Now in Runoff, OIR Order Says
Apr 14 2023 // Less than a year after it announced it would stop writing new business in Florida, commercial carrier Capacity Insurance has been placed under administrative supervision and is now in an orderly runoff. The Florida Office...
#11 Q2 Commercial P/C Rates Hold; Personal Lines Slightly Decrease: MarketScout
Jul 7 2023 // Like the first quarter of 2023, the composite rate for U.S. commercial property/casualty lines increased 5% in the second quarter, according to MarketScout’s Market Barometer. The Dallas-based distribution and...
#12 Commercial Auto Insurtech Startup OpenEyes Emerges From Stealth
Feb 14 2023 // OpenEyes, an insurtech serving commercial automotive fleets, today emerged from stealth with $18 million in Series A funding led by global software investor Insight Partners and Pitango First, with participation by MoreVC,...
#13 Commercial P/C Rates Up for 20th Straight Quarter: CIAB
Nov 18 2022 // Third-quarter 2022 marked the 20th consecutive quarter of increased premiums for commercial property/casualty, according to the latest report from the Council of Insurance Agents and Brokers (CIAB). The average premium...
#14 Agents Win in Commercial Lines
Aug 15 2022 // Independent agents once again show they continue to command the commercial insurance market. The independent agency channel placed 62% of all property/casualty insurance written in the U.S., according to the recently...
#15 Price Increases Continue at 6% for U.S. Commercial Insurance in Q2: WTW
Sep 12 2022 // U.S. commercial insurance prices increased again during the second quarter 2022, according to WTW’s latest Commercial Lines Insurance Pricing Survey (CLIPS). The aggregate commercial price change reported by carriers...
#16 Survey: Insurance Often a Blind Spot for Small Businesses
Mar 16 2023 // Findings from a recent NEXT Insurance survey highlight a significant gap between small business owners’ biggest stressors in 2023 and what they’re prepared for when it comes to their insurance knowledge and...
#17 Court Dismisses 32 COVID-19 Business Insurance Cases Against Erie Insurance
Oct 19 2022 // A federal judge has dismissed 32 lawsuits over COVID-19 business interruption insurance claims against Erie Insurance, concluding the claimants failed to “plausibly plead” that they are entitled to coverage...
#18 Commercial Auto Insurtech Fairmatic Raises $42M
Aug 31 2022 // Insurtech Fairmatic, founded by Jonathan Matus, a former Android and Facebook mobile executive, announced a $42 million Series A funding round to further expand its investment in the performance-priced fleet insurance...
#19 People Moves: New Commercial Business Head at Hartford; Kapnick Adds Chief Growth Officer; AmTrust Hires Underwriting SVP
Nov 2 2022 // The Hartford Names Ant Head of Middle & Large Commercial Business Units The Hartford has named Tracey Ant head of middle and large commercial business units effective Jan. 1. In this newly created role, Ant will...
#20 Markets/Coverages: Travelers, Google Cloud to Build Data System to Underwrite Commercial Risk
Sep 22 2022 // Google Cloud and The Travelers Companies said they are working together to create a cloud-based data ecosystem that will help Travelers’ underwriters more efficiently evaluate risks for large and middle market...
